One of my Client made Donation to TTD Rs.200000/- on October-2019 and also another trust Rs.147000/- on may 2019.
Can he Claim Total Amount as Deduction or 50 percentage.
both have 80G registrations.
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80G donation
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Only 50% of the above Payment Made, subject to Qualifying Limits. The above deduction is eligible only if it is a Non- Cash payment.
Maximum donation which can qualify for Income Tax 80G purpose is 10% of Gross Total income as reduced by chapter VIA deductions.
Individual deduction is 50% or more depending on donor trust. Here it will be 50% of 347000/- or 10% of as above whichever is less. under 80G.
Individual deduction is 50% or more depending on donor trust. Here it will be 50% of 347000/- or 10% of as above whichever is less. under 80G.
The Donation to TTD is 100%exempted subject to maximum limit. 50%is for other NGOs. Please check the donation receipt.
Donation to Tirumala Tirupati Devasthanams (TTD) ----
Acknowledgement, Income Tax Exemption Certificate under {80(G) 50%} & Donor pass books will be issued to the eligible donors.
Deduction is 50% of donation under 80G. 🙏
Acknowledgement, Income Tax Exemption Certificate under {80(G) 50%} & Donor pass books will be issued to the eligible donors.
Deduction is 50% of donation under 80G. 🙏
I made a donation to TTD in 2018. I was not taxable at that time and hence I didn't claim tax exemption. But, now that I'm taxable, can I claim tax exemption in this AY23-24 for that donation made 5-6 years ago?
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